ATN International, Inc. (ATNI) To Go Ex-Dividend on June 30th

ATN International, Inc. (NASDAQ:ATNI – Get Free Report) announced a quarterly dividend on Thursday, June 18th. Shareholders of record on Tuesday, June 30th will be paid a dividend of 0.29 per share by the technology company on Wednesday, July 8th. This represents a c) annualized dividend and a yield of 4.5%. The ex-dividend date is Tuesday, June 30th. This is a 5.5% increase from ATN International’s previous quarterly dividend of $0.28.

ATN International has increased its dividend payment by an average of 0.1%annually over the last three years and has increased its dividend annually for the last 3 consecutive years. ATN International has a dividend payout ratio of -2,750.0% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect ATN International to earn $1.23 per share next year, which means the company should continue to be able to cover its $1.10 annual dividend with an expected future payout ratio of 89.4%.

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ATN International Stock Performance

ATNI stock opened at $25.76 on Friday. The company has a market capitalization of $396.19 million, a PE ratio of -26.02, a price-to-earnings-growth ratio of 3.48 and a beta of 0.54. ATN International has a one year low of $13.86 and a one year high of $30.45. The company’s 50 day moving average price is $27.23 and its two-hundred day moving average price is $25.58. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.16 and a current ratio of 1.21.

ATN International (NASDAQ:ATNI – Get Free Report) last posted its quarterly earnings results on Thursday, May 7th. The technology company reported ($0.18) earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.30). ATN International had a positive return on equity of 0.55% and a negative net margin of 1.20%.The business had revenue of $182.22 million during the quarter, compared to the consensus estimate of $183.40 million. As a group, analysts predict that ATN International will post 0.74 earnings per share for the current fiscal year.

About ATN International

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ATN International, Inc (NASDAQ: ATNI) is a diversified provider of telecommunications services that operates through a combination of wireless, wireline and broadband networks. Headquartered in Beverly, Massachusetts, the company offers a range of voice and data solutions to residential, commercial and wholesale customers. Its core offerings include long-distance voice services, fixed-line telephony, broadband internet access and network infrastructure solutions.

Through its business segments, ATN delivers tailored communications products to underserved markets across the Caribbean, Latin America, parts of the Pacific and select rural regions of the United States.

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